(Toronto, Ontario – June 22, 2018) Duran Ventures Inc. (TSXV: DRV; BVL: DRV) (“Duran” or the “Company”) announces that at its upcoming annual and special meeting of shareholders to be held on June 28, 2018, will include, among other business to be conducted as stated in the notice of meeting filed on www.SEDAR on June 7, 2018, a proposed resolution to change the name of the Company to “Peruvian Metals Corp.” (the “Name Change Resolution”).
The Name Change Resolution is designed to reflect the Company’s commitment to operate solely in Peru and focus on the operation of its 80% owned Aguila Norte mineral processing plant in northern Peru, the exploration and development of its own precious and base metal properties in Peru, and the optioning out of its quality mineral projects in Peru to major mining companies. The Board of Directors has determined that it is in the best interests of the Company to add the Name Change Resolution at this time to the business of the Meeting. Management named as proxyholders in the form of proxy mailed to shareholders of record as of May 22, 2018 intend to vote in favour of the Name Change Resolution. The Name Change Resolution requires the approval of 66 2/3% of the shares voted at the Meeting, as well as the approval of the TSX Venture Exchange. If the Name Change Resolution is approved at the Meeting, the Company will mail a letter of transmittal to registered shareholders so they may obtain share certificates in the new name of the Company.
